Mumbai, January 17, 2026 – Indo SMC Limited (BSE SME: INDOSMC) saw extraordinary demand on the final day of bidding, with its SME IPO closing on Friday at an overall subscription of 102.83 times, driven by aggressive participation across all investor categories.
The issue, which was open from January 13 to January 16, 2026, was priced in the band of ₹141 to ₹149 per share, with bids pouring in sharply during the final hours.
Final Subscription Status (as of 6:59 PM, January 16)
According to BSE data, the IPO received bids for 45.40 crore shares against an offer size of 44.15 lakh shares, translating into a 102.83x overall subscription.
Category-wise Subscription BreakdownInvestor CategoryShares ReservedApplications ReceivedShares Bid...